Tesla announced its 2022 Q2 financial report today, with revenue still up 42% and profit almost doubling.
The sharp rise in Tesla’s revenue is not only related to the increase in sales, but also to the repeated price increases of the Model series. Musk also responded to the price issue at this earnings report, and he hopes to reduce the price.
Musk said you can’t just raise the price to some arbitrarily high level just because you’ve crossed the affordability line, and then demand will plummet. We have raised our prices several times.
Musk said that, frankly, car prices are now at an embarrassing level.
But we also face a lot of supply chain and production shocks, as well as crazy inflation.I just hope at some point we can bring the price down a bit.
In March, Tesla raised prices on all models in the U.S. and China. In June, Tesla raised prices again. Among them, the price of the Model Y long-range version has increased from $62,990 to $65,990.
Tesla raised car prices, mainly in response to the epidemic and supply chain shortages. In March, Musk tweeted that both Tesla and SpaceX were “suffering from the recent massive inflationary pressures on raw materials and logistics.
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